Brazil’s Federal Government Announces R$2.9B for Olympics
Resources will be used to help pay for public security in Rio after state declares 'financial emergency'.
June 22, 2016Topic
Business
Domestic Airline Travel in Brazil Falls 8.2 Percent in 2016
In the first five months of 2016, domestic Brazilian airlines carried a total of 36.4 million passengers, 3.2 million less...
June 22, 2016
Telecom Oi Files for Largest Ever Judicial Recovery in Brazil
The judicial recovery of Telecom Oi request is said to be the largest in Brazil’s history.
June 21, 2016
Rio Declares State of Financial Emergency Before Olympics
Due to the extremely serious financial crisis, the governor says the state may not be able to comply with all...
June 20, 2016
Brazil Expected to Register Negative Fiscal Results in 2017
According to government officials the earlier forecast of a zero primary surplus will be very difficult to achieve.
June 17, 2016
UN Says Brazil Pulls Down Region’s Foreign Investments
Although Brazil continues to be the top recipient of foreign investments in the region the inflow of FDI shrank by...
June 16, 2016
Billion-Dollar Suit Against Vale, BHP Dismissed in Brazil
Thousands of civil suits have been filed against the three companies due to damages caused by the mining accident.
June 14, 2016
Rio de Janeiro State Cuts Social Programs to Reduce Deficit
The measures announced have the objective of reducing the Rio de Janeiro State’s deficit of approximately R$19 billion.
June 10, 2016
Brazil Maintains its Benchmark Interest Rate Unchanged
For the seventh consecutive meeting, the Monetary Policy Committee (COPOM) decided to leave the benchmark interest rate (Selic) unchanged at...
June 9, 2016